Ameriprise Financial Inc. lifted its holdings in UGI Co. (NYSE:UGI - Free Report) by 50.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,366,100 shares of the utilities provider's stock after purchasing an additional 795,093 shares during the quarter. Ameriprise Financial Inc. owned about 1.10% of UGI worth $66,806,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. AIA Group Ltd grew its stake in shares of UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock worth $509,000 after acquiring an additional 323 shares in the last quarter. US Bancorp DE raised its position in UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares in the last quarter. Hourglass Capital LLC boosted its position in UGI by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after buying an additional 470 shares during the period. Wright Investors Service Inc. boosted its position in UGI by 1.3% during the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock valued at $1,050,000 after acquiring an additional 484 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of UGI by 15.1% in the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 82.34% of the company's stock.
UGI Stock Performance
Shares of NYSE:UGI traded up $0.15 during midday trading on Tuesday, hitting $34.63. The company had a trading volume of 2,031,707 shares, compared to its average volume of 2,226,637. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $35.41. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company has a fifty day moving average of $32.69 and a two-hundred day moving average of $30.18.
UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. UGI's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.
UGI Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.33%. UGI's dividend payout ratio (DPR) is 61.73%.
Insider Transactions at UGI
In related news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company's stock.
UGI Company Profile
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Free Report)
UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.
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